Cathay Issues Profit Warning,
As SARS, War Hurt Demand

Dow Jones Newswires

Updated April 11, 2003 8:25 a.m. ET

HONG KONG &ndash; Cathay Pacific Airways warned Friday that its first-half earnings will be hit by a one-third fall in air-travel demand, caused by the war in Iraq and the outbreak of severe acute respiratory syndrome.

Cathay said it is undertaking its third series of reductions in flights since the end of March, bringing the total cuts to a...